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GOLDBERG v. XORCO, LTD.

No. 88 C 176.

728 F.Supp. 494 (1989)

Richard H. GOLDBERG, Plaintiff, v. XORCO, LTD., a Georgia corporation; Donald H. Bergman; William B. Cohan; and David M. Jacobs, Defendants.

United States District Court, N.D. Illinois, E.D.

June 19, 1989.

Attorney(s) appearing for the Case

Robert R. Tepper, David Todd Brown and Glenn E. Heilizer, Rosenthal and Schanfield, Chicago, Ill., for plaintiff.

William T. Huyck, Chicago, Ill., for defendants.

MEMORANDUM OPINION AND ORDER

ANN C. WILLIAMS, District Judge.

Richard Goldberg is suing Xorco, Ltd., for payment on a promissory note. The note provides that Xorco will pay Mr. Goldberg $30,500 within 90 days. If payment is not made, interest will accrue at a rate of 12% per annum for up to 180 days; after that time, Xorco will be in default, and interest will accrue at a rate of 18% per annum. Xorco failed to make payment within 180 days. On the same day...

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